Cathie Wood, CEO and CIO at Ark Invest, discusses the impact of artificial intelligence on the labor market. She also talks about investing in cryptocurrencies and why Meta's Threads app is "no Twitter."
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.

Cathie Wood, CEO and CIO at Ark Invest, discusses the impact of artificial intelligence on the labor market. She also talks about investing in cryptocurrencies and why Meta's Threads app is "no Twitter." Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Ark Invest's Cathie Wood Says AI Is the New Assembly Line

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/de6b9c14-7890-4585-bbd3-b0420154e6b2/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

In an industrial park a half-hour outside Prague, Peter Magic finds himself at the center of a gold rush. In the 15 years since he started his business as a teenager in his parents’ garage in Slovakia, it’s developed into a fast-growing company with almost nine figures in annual revenue and an international clientele. He isn’t training a new kind of agentic artificial intelligence that replaces your employer’s legal department or building the next online prediction market. His company, Janoshik Analytical, does purity and sterility testing for black-market anabolic steroids, an obscure niche Magic found during his own foray into weightlifting. His search for other lifters online took him to 4chan and Reddit, where many talked freely about their pharmaceutical experimentation but fretted about what might be in their drugs. Magic figured testing steroid samples couldn’t be that hard. “It took a couple of years, actually, before we got all the processes perfected, because obviously, legally, this is pretty thin ice,” he says. Among connoisseurs, his testing has become the gold standard. Outside, in his lab’s parking lot, he has the shimmering purple Ferrari to prove it.

As it turns out, Magic’s reputation for running a legitimate business evaluating illicit substances has positioned him perfectly for a new black market: the global trade in peptides. For more on the show, Carol Massar and Tim Stenovec, spoke with Amanda Mull, Bloomberg Businessweek Senior Reporter and Madison Muller, Bloomberg News US Health Care Reporter

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.
In an industrial park a half-hour outside Prague, Peter Magic finds himself at the center of a gold rush. In the 15 years since he started his business as a teenager in his parents&rsquo; garage in Slovakia, it&rsquo;s developed into a fast-growing company with almost nine figures in annual revenue and an international clientele. He isn&rsquo;t training a new kind of agentic artificial intelligence that replaces your employer&rsquo;s legal department or building the next online prediction market. His company, Janoshik Analytical, does purity and sterility testing for black-market anabolic steroids, an obscure niche Magic found during his own foray into weightlifting. His search for other lifters online took him to 4chan and Reddit, where many talked freely about their pharmaceutical experimentation but fretted about what might be in their drugs. Magic figured testing steroid samples couldn&rsquo;t be that hard. &ldquo;It took a couple of years, actually, before we got all the processes perfected, because obviously, legally, this is pretty thin ice,&rdquo; he says. Among connoisseurs, his testing has become the gold standard. Outside, in his lab&rsquo;s parking lot, he has the shimmering purple Ferrari to prove it.
As it turns out, Magic&rsquo;s reputation for running a legitimate business evaluating illicit substances has positioned him perfectly for a new black market: the global trade in peptides. For more on the show, Carol Massar and Tim Stenovec, spoke with Amanda Mull, Bloomberg Businessweek Senior Reporter and Madison Muller, Bloomberg News US Health Care Reporter

The Billion-Dollar Peptides Gold Rush

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/aea9e576-7775-412d-a0b6-b472016fca82/transcript

Tuesday’s stock-market slide was what one Wall Street strategist called a “chip-wreck.”The semiconductor companies that have led this year’s stock-market advance with triple-digit percentage gains were suddenly hit with a wave of doubts about the sustainability of the AI-driven rally. 

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

On this episode, Tim Stenovec and Carol Massar speak with:
Amanda Lyons, Head of Research, Energy Group Capital
Sean Gadd, CEO of Latham Group
Katherine Kostereva, CEO of Creatio
Gracelin Baskaran, Director, Critical Minerals Security Program at the Center for Strategic and International Studies

Tuesday&rsquo;s stock-market slide was what one Wall Street strategist called a &ldquo;chip-wreck.&rdquo;The semiconductor companies that have led this year&rsquo;s stock-market advance with triple-digit percentage gains were suddenly hit with a wave of doubts about the sustainability of the AI-driven rally.&nbsp;
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.
On this episode, Tim Stenovec and Carol Massar speak with:
<ul>
<li>Amanda Lyons, Head of Research, Energy Group Capital</li>
<li>Sean Gadd, CEO of Latham Group</li>
<li>Katherine Kostereva, CEO of Creatio</li>
<li>Gracelin Baskaran, Director, Critical Minerals Security Program at the Center for Strategic and International Studies</li>
</ul>

US Chip Stocks Plunge as AI Selloff Ripples Across From Asia

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cca9875e-d53c-44be-a5b0-b4720171040d/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX is selling investment-grade bonds for the first time in what’s expected to be the start of a massive borrowing spree to fund the company’s AI ambitions following its record $75 billion IPO.
Banks including Goldman Sachs Group Inc. are arranging calls with investors on Monday, according to a person with knowledge of the matter, who asked not to be identified because they’re not authorized to speak publicly. A bond sale is expected to follow, with maturities of between five and 30 years, according to the person.

For more, Carol Massar Tim Stenovec speak with Robert Schiffman, Bloomberg Intelligence Senior Technology Credit Analyst

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. SpaceX is selling investment-grade bonds for the first time in what&rsquo;s expected to be the start of a massive borrowing spree to fund the company&rsquo;s AI ambitions following its record $75 billion IPO. Banks including Goldman Sachs Group Inc. are arranging calls with investors on Monday, according to a person with knowledge of the matter, who asked not to be identified because they&rsquo;re not authorized to speak publicly. A bond sale is expected to follow, with maturities of between five and 30 years, according to the person. For more, Carol Massar Tim Stenovec speak with Robert Schiffman, Bloomberg Intelligence Senior Technology Credit Analyst

SpaceX Bankers Kick Off Marketing for Debut High-Grade Bond Sale

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/727e6449-e47f-4f97-80fe-b4710151e3b8/transcript

Ark Invest's Cathie Wood Says AI Is the New Assembly Line

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